- CZ discloses 98.5% of his holdings in BNB, with minimal BTC and stablecoins.
- Zhao denies Binance sale rumors, calling them competitor-driven misinformation.
Binance co-founder and former CEO Changpeng “CZ” Zhao disclosed his cryptocurrency holdings on Binance Square, revealing that BNB dominates nearly 98.5% of his portfolio. His allocation in Bitcoin (BTC) stands at 1.32%, while stablecoins EURI and USDT account for 0.17% and 0.03%, respectively.
Additionally, Zhao noted an unfamiliar asset, sBTC, a wrapped Bitcoin on the Stacks network, claiming he had no knowledge of its origins. His revelation came in response to an X user’s challenge to showcase his trader profile, sparking discussions over his relatively low Bitcoin allocation.
BNB Dominates Zhao’s Portfolio
Zhao’s cryptocurrency holdings indicate an overwhelming reliance on Binance Coin (BNB), the native asset of the exchange he co-founded. His disclosed portfolio breakdown, shared via Binance Square, showed that nearly all his assets are concentrated in BNB. His Bitcoin allocation appears minimal compared to industry expectations, prompting inquiries from users on X. Addressing these queries, Zhao downplayed the significance, stating simply, “I’m a boring guy.”
I am a boring guy. 🤷♂️ https://t.co/PGCdv9VRO5
— CZ 🔶 BNB (@cz_binance) February 24, 2025
Alongside BNB and BTC, Zhao also holds small amounts of stablecoins, including 0.17% in EURI and 0.03% in USDT. The presence of EURI, a little-known euro-pegged stablecoin, drew particular curiosity. When questioned about it, Zhao speculated it might have been linked to an old Binance Card feature but admitted uncertainty about its origins. A third-party verification of the portfolio’s breakdown remains unavailable, as assets stored on centralized exchanges are not publicly viewable.
Mystery Surrounding sBTC and Zhao’s Crypto Holdings
A notable surprise in Zhao’s holdings is his small allocation of sBTC, a wrapped version of Bitcoin used on the Stacks network. He admitted having no knowledge of its origin or how it ended up in his portfolio. Dismissing its significance, Zhao suggested it was likely the result of an old fork or an airdrop that had long since been delisted.
Zhao’s portfolio disclosure follows recent speculation triggered by a separate revelation—his dog’s name, Broccoli. The mention of Broccoli led to a flood of themed memecoins, reminiscent of the surge in TST tokens, originally created as a BEP-20 tutorial asset before Binance’s listing. However, Zhao clarified that he holds neither TST nor any of the Broccoli-inspired tokens. On-chain data from Arkham suggests one of his wallets contains 862,773 BNB worth approximately $553,400, alongside 10.143 million BROCCOLI tokens valued at $547,770, among other small token holdings.
CZ’s Influence, Net Worth, and Binance Sale Rumors
Speculation over Binance’s future resurfaced last week when rumors circulated that the exchange was up for sale. Zhao swiftly dismissed these claims, attributing them to a competitor in Asia spreading misinformation. “Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale. As a shareholder, Binance is not for sale,” he stated on X.
Binance co-founder Yi He backed Zhao’s remarks, asserting that the exchange remains privately held and is not considering a sale. Instead, she hinted that Binance is more inclined to acquire other platforms, inviting exchanges interested in selling to initiate discussions. Zhao previously mentioned receiving offers to sell his equity in Binance, though no deal has been publicly disclosed.
His latest disclosure comes as Binance Coin (BNB) experiences a price dip, trading at approximately $605.75, marking a 7.37% decline. Bitcoin remains below the $94,000 mark, reflecting ongoing volatility in the broader crypto market. Despite Bloomberg’s estimation of Zhao’s net worth at $47.8 billion, ranking him as the world’s 31st richest individual, he has consistently downplayed these figures, stating that his actual holdings are far lower.
Zhao remains a key figure in the crypto sector despite stepping down as Binance CEO in 2023 following a guilty plea to violating the Bank Secrecy Act. He paid a $50 million fine and served a four-month prison sentence, which concluded in September. His financial influence continues to shape market trends, with his statements often sparking significant movements in digital asset prices.
